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Description

The PowerShares S&P SmallCap Consumer Discretionary Portfolio ("the Fund") seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of the index called the S&P SmallCap 600 Capped Consumer Discretionary Index (the "Underlying Index"). The Underlying Index is comprised of common stocks of U.S. consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, apparel and luxury goods, computers and electronics, automobiles and auto components, hotel and restaurant services and television and other entertainment goods and services. The Fund will normally invest at least 80% of its total assets in common stocks of small capitalization consumer discretionary companies.

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